Media companies have ditched convergence for cost savings, claims EY

July 5, 2018 5:37

The wave of mergers and acquisitions in the media industry has done little to move the industry towards convergence on broadcast, mobile and internet content, a survey by consulting firm EY claims.

EY’s 18th capital confidence barometer found 95% of Australia’s media, entertainment and telecommunications’ companies are looking to divest their non-core assets over the next 12 months to reduce costs, rather than integrate services.

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Paul Wallbank

Paul Wallbank was news editor at Mumbrella between June 2017 and June 2019. Previously he's covered business and technology issues for outlets ranging from The Australian and Sydney Morning Herald to the ABC and Business Spectator.

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